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The financial details of the deal remain undisclosed but come off as the first acquisition Fidelity Investments has made in about 7 years.
The master loan agreement (MLA) between Gemini’s customers and Genesis now ceases to exist.
Popular exchange Coinbase recently announced an 18% staff layoff to strengthen its financial position in the face of a crypto crunch.
Griffith expects the stablecoin to lead up to the introduction of a CBDC.
Like many other companies that had to reduce their headcounts, Wells Fargo is also about to go through a new layoff due to strategic changes.
e-Money noted that the European MiCA legislation will likely hinder the scalability of Euro-backed stablecoins while further limiting business opportunities in the sector.
With more than 650 million visitors across 175 regions each week, App Store has generated more than $320 billion since its launch in 2008.
Winklevoss accused Genesis of recklessly lending to Three Arrows Capital (3AC) and hoping to “buy time to dig themselves out of the hole which they had created”.
According to a disclosure letter dated November 30, Zipmex told rescue investor V Ventures that Zipmex Thailand had gone beyond what it initially said about the Earn program.
Ondo Finance will help customers invest in deep liquidity low-risk traditional assets through blockchain technology.